Worldcoin (WLD) is showing renewed bullish momentum as buyers defend key support and technical indicators remain favorable. Rising market participation could strengthen the recovery, while World ID’s privacy-focused ProveKit upgrade may improve ecosystem adoption and reinforce the token’s longer-term growth narrative.
At the time of writing, WLD is trading at $0.4082 with a 24-hour trading volume of $202.08 billion and a market capitalization of $1.48 billion. However, the Worldcoin price has surged by 2.6% over the last 24 hours.
Source: CoinMarketCap
Also Read: WLD Price Eyes $0.50 Target as Recovery Gains Strength Above Key Support
WLD Price Eyes Massive Rally From Historic Support
The crypto analyst Logical revealed that the WLD token is trading near $0.40, placing it around a historically overlooked area of its chart. Despite the prolonged weakness, the long-term liquidity base remains intact.
Traders are now monitoring whether this zone can support a fresh accumulation phase, potentially creating the foundation for a broader recovery if market conditions turn increasingly bullish in coming months.
Source: Logical’s X Poast
The technical setup highlights three major upside targets at $2.17, $4.19, and $11.97, with the final objective implying approximately 8,378% potential upside from current levels.
While such a move would require substantial demand and market expansion, the setup presents an attractive long-term risk-reward profile if WLD successfully establishes support and begins a sustained bullish trend.
Technical Indicators Reveal Bullish Outlook
According to the TradingView chart analysis, WLD displays a strong recovery from its August low near 0.3200. Following a spike toward 0.4600 and a brief consolidation above 0.3600, buyers re-entered in early September.
The price currently trades around 0.4103, reflecting a modest intraday dip after testing key resistance above the 0.4200 level.
Source: TradingView
From a technical perspective, the near term seems to be favorable to the bulls because prices remain above the EMAs (20, 50, 100, and 200).
The stack of EMAs acts as support immediately, which starts at the level of 0.3939. On the other hand, the RSI is at 64.44, indicating strong bullish momentum with room for an upside move.
Worldcoin (WLD) Sees Volume Surge and OI Growth
Coinglass data also pointed out that Worldcoin (WLD) is currently experiencing a huge surge in trading volumes, which have gone up by 46.31% to hit $371.65 million.
Open interest is also on the rise, climbing by 6.49% to reach $319.17 million, meaning that traders are taking positions as they keenly observe the coin’s next move.
Source: Coinglass
Following the bullish price predictions and improving technicals and derivatives, the WLD price is moving in an upward direction. This move is also backed by the improving trend in the crypto market as the BTC price has started to move upward.
World ID Gets Privacy Boost With ProveKit
The data from World further highlighted that the World Foundation has come up with ProveKit, which is described as a toolkit for zero-knowledge proving that aims at making privacy-oriented identification easy.
ProveKit is integrated into World ID, whereby one can create proof on his device in order to verify his age, nationality, or even documents without revealing any private data.
The launch of the solution represents the growing interest of the global community to develop privacy-protected solutions related to digital identity amid heightened worries about the dangers of data gathering and security online.
The ProveKit solution is intended for usage on smart devices and browsers, and it allows for offline proving, as well as being oriented to post-quantum security.
What Comes Next?
The next step that WLD should take depends on whether the buyers continue to keep up the recovery and bullish momentum.
If the buyers continue with the demand, then there is likely to be more participation in the market, and this may facilitate the formation of a breakout pattern.
Also Read: WLD Price Prediction: WLD Eyes $2.17 Breakout as Bullish Momentum Returns
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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